RiverNorth Opportunistic Municipal Income Fund
21 hedge funds and large institutions have $18.4M invested in RiverNorth Opportunistic Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
28% more capital invested
Capital invested by funds: $14.4M → $18.4M (+$4M)
24% more funds holding
Funds holding: 17 → 21 (+4)
3.41% more ownership
Funds ownership: 15.45% → 18.86% (+3.4%)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$3.13M |
| 2 |
LPL Financial
San Diego,
California
|
+$424K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$354K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$266K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$179K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$344K |
| 2 |
Morgan Stanley
New York
|
-$341K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$158K |
| 4 |
FM
Family Management
New York
|
-$78.5K |
| 5 |
NW
NewEdge Wealth
Pittsburgh,
Pennsylvania
|
-$70.6K |
RMI Hedge Fund Activity: Q4 2022 in Review
21 of the 6,238 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Opportunistic Municipal Income Fund (RMI) for Q4 2022, worth a combined $18.4M — up 28% from $14.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new RMI positions and 2 closed out — a net gain of 4 holders — while 4 added to existing stakes and 8 trimmed.
The largest buyer was Stratos Wealth Partners, adding an estimated $3.13M. The largest seller was Royal Bank of Canada, cutting an estimated $344K.
- 21 institutional investors held RiverNorth Opportunistic Municipal Income Fund (RMI) as of Q4 2022, up from 17 in Q3 2022.
- Funds reported $18.4M of RiverNorth Opportunistic Municipal Income Fund stock for Q4 2022, up 28% quarter-over-quarter.
- 6 funds opened new RiverNorth Opportunistic Municipal Income Fund positions in Q4 2022 and 2 closed out, a net change of +4 holders.
- The largest RiverNorth Opportunistic Municipal Income Fund buyer in Q4 2022 was Stratos Wealth Partners, an estimated $3.13M added.
- The largest RiverNorth Opportunistic Municipal Income Fund seller in Q4 2022 was Royal Bank of Canada, an estimated $344K sold.
Based on aggregated 13F filings for Q4 2022.